Retirement Lump Sum Creditors Question ? 28 February 2011 at 1:57PM edited 30 November -1 at 1:00AM in Debt-Free Wannabe 2 replies 493 views

Revolt5

This is a Question on Behalf of my mother.

She is taking out her Lump Sum pension from work NHS. Of £9000,.She has Debt plan with CCS counseling services.

Is she obliged by law to pay off the creditors? Or can she contiune with the existing price payments each month.

Thank you for your time help and advice.

eyeopener2

DMP's are informal, it is a DMP your wife is on? They don't have any legal basis.

She can do what she likes with the money. Save it, spend it or pay off the DMP.

personally i'd get rid of the debt but thats just me.

Revolt5

yes DMP thanks for your advice and help,thats cleared a few things up.

This website is very good thank you